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Nuvo, a San Francisco-based startup, has secured $34 million in Series A funding led by Sequoia Capital and Spark Capital to transform the B2B trade market.

PRIVATEApr 30, 2025

Amount Raised

$34 Million

Round Type

Series A

San FranciscoSoftwareE CommerceSaaSB2B

Investors

Matt MacInnisRyan PetersenJohn BicketSanjit BiswasSpark CapitalFoundation CapitalHuman CapitalSusa VenturesGokul RajaramMax MullenSequoia Capital

Description

Nuvo, founded in 2021, aims to modernize the B2B trade market with its social-style platform. The startup raised $34 million in Series A funding, with Sequoia Capital and Spark Capital as lead investors. Nuvo previously raised $11 million in seed funding in early 2022. The company plans to streamline procurement processes for businesses.

Quick answer

Nuvo raised $34 Million in a Series A round, dated April 30, 2025. Investors: Matt MacInnis, Ryan Petersen, John Bicket, Sanjit Biswas, Spark Capital, Foundation Capital, Human Capital and Susa Ventures. Nuvo is based in San Francisco, California, United States.

How much did Nuvo raise?
Nuvo raised $34 Million in a Series A round on April 30, 2025.
Who invested in Nuvo?
Matt MacInnis, Ryan Petersen, John Bicket, Sanjit Biswas, Spark Capital, Foundation Capital, Human Capital and Susa Ventures are named as investors in this round.
What does Nuvo do?
Nuvo is a San Francisco-based startup focused on transforming the traditional B2B trade market with a social-style platform that streamlines procurement among businesses.
Where is Nuvo based and how big is it?
Nuvo is based in San Francisco, California, United States.
Who are the decision-makers at Nuvo?
Fundz holds 1 contact at Nuvo. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in E Commerce and SaaS around the same time

Companies in the same sectors as Nuvo that raised within 45 days of this round, from Fundz verified event records.

  • Landbase raised $30M (Series A) on June 12, 2025.
  • Cloud Retail raised $3M (Seed) on April 23, 2025.
  • Optise raised $2.2M (Seed) on April 9, 2025.
  • Miss Moneypenny Technologies raised $8M (Seed) on April 7, 2025.
  • VoiceOps raised $5M (Seed) on March 27, 2025.
  • SmartCommerce raised $3.5M (Seed) on March 21, 2025.

Who to call at Nuvo, and when

A new round usually means Nuvo is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Nuvo

Location

San Francisco, California, United States

About

Nuvo is a San Francisco-based startup focused on transforming the traditional B2B trade market with a social-style platform that streamlines procurement among businesses. Founded in 2021, it enhances the exchange of critical information among trading partners. The company's innovative approach aims to modernize an $11 trillion U.S. market reliant on outdated communication methods like faxes and emails. Nuvo's network structure distinguishes it from typical SaaS tools by amplifying effectiveness as more users join.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Nuvo raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.